Xiao-I Corporation Provides Update on First-Instance Rulings in Patent Litigation Against Apple; Company Intends to Appeal to the Supreme Peopl

gurufocus.com - 2026-06-19 18:00:00

SHANGHAI, June 19, 2026 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI) ("Xiao-I" or the "Company"), a leading developer of AI solutions, provided a material update on the patent-related litigation between its variable interest entity, Shanghai Xiao-I Intelligent Network Technology Co., Ltd. ("Shanghai Xiao-I"), and Apple Inc. and its affiliated entities (collectively, "Apple") before the Shanghai High People's Court.

prnewswire.com - 2026-06-19 17:00:00

SHANGHAI, June 3, 2026 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI) ("Xiao-I" or the "Company"), a leading enterprise artificial intelligence company in China, today announced that it has received formal notification letters from The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained full compliance with all applicable continued listing standards. As previously disclosed, the Company received two separate deficiency notifications from Nasdaq in December 2025: On December 16, 2025, Nasdaq notified the Company that its American Depositary Shares ("ADSs") failed to maintain a minimum bid price of $1.00 per share over the previous 30 consecutive business days, as required by Nasdaq Listing Rule 5450(a)(1) On December 17, 2025, Nasdaq notified the Company that the market value of its publicly held shares was below the minimum $15.0 million requirement for continued listing, as required by Nasdaq Listing Rule 5450(b)(2)(C) On April 23, 2026, Nasdaq notified the Company that it had regained compliance with Listing Rule 5450(b)(2)(C) after the market value of its publicly held shares had been $15.0 million or greater for ten consecutive business days from April 9, 2026 through April 22, 2026, and that the market value deficiency matter was closed.

prnewswire.com - 2026-06-03 09:15:00

SHANGHAI, May 6, 2026 /PRNewswire/ -- Xiao-I Corporation (Nasdaq: AIXI) (the "Company") today announced that it will change the ratio of its American Depositary Shares ("ADSs") to its ordinary shares from one (1) ADS representing three (3) ordinary shares to one (1) ADS representing sixty (60) ordinary shares. For the Company's ADS holders, the change in the ADS ratio will have the same effect as a one-for-twenty reverse ADS split.

prnewswire.com - 2026-05-06 20:08:00

XIAO-I Corporation Unsponsored ADR (NASDAQ: AIXI - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 7,005,300 shares, a growth of 551.2% from the March 31st total of 1,075,704 shares. Approximately 52.1% of the company's shares are short sold. Based on

defenseworld.net - 2026-04-26 03:12:59

SHANGHAI, April 23, 2026 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or the "Company") (NASDAQ: AIXI), a leading artificial intelligence company, today announced that it plans to change the ratio of its American Depositary Shares (the "ADSs") to its ordinary shares (the "ADS Ratio"), par value US$0.00005 per share, from the current ADS Ratio of one ADS to one-third of an ordinary share to a new ADS Ratio of one ADS to 60 ordinary shares. For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-twenty reverse ADS split.

prnewswire.com - 2026-04-23 17:00:00